Transcorp Hotel declares 29% Revenue boost, Nets N2.3 billion Q3 ’18



According to the hospitality and Tourism company’s third quarter scorecard released to the market on 24th October, 2018. The total turnover for the nine months of 2018 rose by 29% to about N12billion when compared with N9billion recorded same period last year.

The company ended the first nine months of the year 2018 with a profit after tax of N2.3 billion in contrast to the N1.1billion recorded same period last year. This translates to about 104% year on year bottom-line growth.

The company’s shareholders’ earnings per share appreciated by 104.16% to stand at 0.31kobo from 0.15kobo reported last same period.

Its PE Ratio is at 19.7x at a reference price of N6.10 with an earnings yield of 5.1%.


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